HomeMy WebLinkAboutFY26 2024 08 19 Workshop (2)Fiscal Year 2026
Proposed Budget
October 1, 2025 –September 30, 2026
August 19, 2025 1
Agenda
•Types of Funds
•Funds we will be going over
•General
•Enterprise
•Special Revenue
•EDC
August 19, 2025 2
Types of Funds
•General Fund –Principal financial support for basic services in public
safety,parks &recreation,and general government operations,etc.
•Enterprise Fund –Provides goods or services directly to customers in
exchange for payment;self-sufficient,created to generate revenue to
cover expenses;acts like a business.
•Special Fund –Created for a special purpose and used(funds
disbursed)only for the purpose for which it was created
August 19, 2025 3
Funds we will be going over
•General:
•Debt Service
•Transit
•Enterprise:
•Solid Waste
•Pleasure Island
•Special Revenue
•TIRZ
•All other Special Revenue
•Internal Services
•EDC
August 19, 2025 4
General
•Debt Service
•All Transfers have been accounted for to provide the payments for debt service:
•General
•Water and Sewer
•Solid Waste
•Pleasure Island
•EDC
•Transit
•All revenue,expenditures,transfers and capital have been accounted for and balanced.
August 19, 2025 5
Enterprise
•Solid Waste
•The budget is balanced
•Pleasure Island
•The budget is balanced
August 19, 2025 6
Special Revenue
•TIRZ –Tax Increment Reinvestment Zone
•More revenue coming in as a result of increased tax assessed value in 2025
•Internal Services –Worker’s Comp,General Liability,Health Insurance,OtherEmployeeBenefits
•All Other Special Revenue –Municipal Court Technology and Building Fund,HomeGrant,Housing Programs,CDBG,Hotel Occupancy Tax,Regulatory Enforcement,Police,CDBG-Disaster Recovery,Hazard Mitigation,ARPA,Health,Opioid Trust,GolfCourse,Transit
•All are balanced with revenue and expenditures
August 19, 2025 7
Economic Development Corporation
•Currently Balanced
•Fund balance in excess of $16 million
•No reserve fund used –Only revenue received became revenue budgeted
August 19, 2025 8
Budget Process Status
Highlights:
Recommended increase of 19 authorized personnel in Solid Waste based on Solid
Waste Master Plan Study:
•12 more in Trash Collection increasing total 26
•3 more in Container Service total 8
•2 more in Equipment Operator(s)in Landfill total 2
•2 more Landfill Maintenance Worker II(s)total 3
•Increase of 1 authorized personnel in Transit
•1 more Administrative Clerk II in Vehicle Maintenance total 1
August 19, 2025 9